The influence of shareholder value on people management practices. / A influência da orientação à geração de valor ao acionista nas práticas de gestão de pessoas.

AUTOR(ES)
DATA DE PUBLICAÇÃO

2006

RESUMO

The objective of this paper is to increase knowledge about the influence of the shareholder value on people management practices, with emphasis on the production environment. Initially, the paper takes a step backwards to the origins and fundaments regarding the finance conception and the shareholder value conception of the firm, where the main focus resides in increasing share prices. The paper then goes on to analyze the interface that these concepts possess with people management practices, exploring the two-way nature of said interface, in view that the human resources function is not only influenced by company guidelines, but is also deemed one of the main forms for helping disseminate it, due to its role as a change agent of behaviors in companies. As such, it delves into the three main elements that, according to literature, comprise this interface: variable compensation, performance management and work autonomy. Lastly, the paper presents a multiple case study that aims to verify how the finance concept of companies has, in fact, been influencing these practices relating to people management at the production level of companies that operate in Brazil, as well as how much these practices have contributed to disseminate the shareholder value mentality. The result of this study shows that, at the conceptual level, the influence of shareholder value on people management practices is quite clear, but that in practice it is still used very little, despite changes that are already occurring in this sense.

ASSUNTO(S)

variable compensation gestão baseada em valor autonomia no trabalho performance at work human resources management value based management geração de valor ao acionista remuneração variável desempenho no trabalho autonomy at work administração de recursos humanos shareholder value

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